Petter Stordalen

Petter Anker Stordalen Bjorvand[needs IPA] (born 29 November 1962) is a Norwegian businessman.

With an estimated net worth of US$1 billion as of 2023,[1][2] he is the owner of the Strawberry Group, a conglomerate of ten companies with holdings in hotels, shopping centers, real estate, finance, and art.

Stordalen was the architect of the conversion of the market area in downtown Trondheim[12] and the re-launch of the Liertoppen shopping centre outside Oslo.

[14] Following transactions within the Brynestad system Stordalen, at the age of 29, he was an employee of Realkreditt's (later DnB) property development company.

[15] In the span of three years, the company, Steen & Strøm Invest, became the country's largest holder of commercial real estate.

[8] The expansion lasted until 1996, when Stordalen had a falling out with the largest shareholder, Stein Erik Hagen, and was asked to leave his position as CEO.

[26] In 2000, Stordalen formed the company Home Invest, consisting of the properties previously owned by Choice Hotels Scandinavia.

[29][verification needed][30] In 2004, Stordalen's Home Invest sold 19 hotel properties to Capona with a settlement in shares.

In addition to a big party that has previously included live camels and specially composed music and stage acts,[50] Stordalen gives his employees a motivational speech that, in the media, has been likened to a religious revival.

[58] In 2007, he was charged with trespassing after entering a restricted area in Malmøyakalven to protest the dumping of toxic mud in the Oslofjord.

At the annual environmental organization Zero-conference in 2011, the couple secured their personal acquaintance Arnold Schwarzenegger as keynote speaker.

[68] The ceremony included chartering an airplane for the guests and booking every room in La Mamounia, one of the world's finest luxury hotels.

[71] Norway's largest tabloid, Verdens Gang, opened a digital guestbook on its website for the public to leave well wishes.

[72] The couple were dubbed "the Bill and Melinda Gates of Norway" by the Norwegian tabloids for their combination of business and philanthropy.

[74] Following the 2011 Utøya shooting, Stordalen donated 5 million kroner to the Workers' Youth League to rebuild the summer camp.